FY2025 Earnings Forecast for Centerra Gold Issued By Cormark

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Cormark increased their FY2025 earnings estimates for shares of Centerra Gold in a report released on Tuesday, November 5th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.72 for the year, up from their prior estimate of $0.64. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share.

A number of other brokerages have also weighed in on CGAU. CIBC restated a “neutral” rating and set a $13.00 price objective (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Trading Down 2.4 %

NYSE CGAU opened at $6.21 on Wednesday. The company’s fifty day simple moving average is $7.05 and its 200-day simple moving average is $6.87. The stock has a market cap of $1.31 billion, a P/E ratio of 12.93 and a beta of 0.98. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $323.93 million during the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same period in the prior year, the business posted $0.20 EPS.

Institutional Trading of Centerra Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after acquiring an additional 1,573 shares during the period. Hsbc Holdings PLC boosted its position in shares of Centerra Gold by 4.1% in the second quarter. Hsbc Holdings PLC now owns 48,101 shares of the company’s stock worth $325,000 after buying an additional 1,895 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Centerra Gold by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company’s stock worth $1,199,000 after buying an additional 2,120 shares during the period. TD Asset Management Inc grew its holdings in shares of Centerra Gold by 0.7% during the second quarter. TD Asset Management Inc now owns 587,062 shares of the company’s stock valued at $3,947,000 after buying an additional 4,356 shares in the last quarter. Finally, CWM LLC acquired a new position in Centerra Gold during the third quarter valued at $57,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.35%. Centerra Gold’s dividend payout ratio (DPR) is 41.67%.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.